Nov 30, 2012 6:00am PST
nevada granada, the people are getting out there and enjoying it as the winter sports resort opened up here. so good news, not everybody is looking down on this in a negative aspect. many people are getting out there and at least enjoying it. but as far as temperature, all that cold air coming down, things are cooling off here in london and paris. overnight temperatures around zero and the highs only at 5 on your saturday. now here's a look at your extended forecast. ♪ >>> we'll be back with more updates in 30 minutes. i'm gene otani in tokyo. for all of us here at nhk world, thanks for joining us. have a great day wherever you are.
Nov 30, 2012 9:00am EST
and keep on going. in nevada they made up 40% of october sales up from 34% a year ago. that according to lps home price index. now bank of america alone has done over 100,000 short sales so far this year. and i spoke to a rep there who says they are well aware of the potential looming tax risks as are their customers. they say they would love to ramp up short sales but they're already doing them as fast as they can. i ask what happens if the tax relief is not extended? the source told me i would expect we start to get more customers saying i've talked to my tax adviser and i'm going to opt out of that short sale and we'll just take it to foreclosure. and, carl, that is exactly not what we want to hear as this housing recovery is really just gaining steam. >> wow. in your opinion diana would we start to see that, the impact in sales of existing and starting in january? >> well, starting in january you would start to see those short sales go away and that would mean more homes would go to foreclosure. short sales have really been saving this market keeping people out of foreclosure and